Exchange Rates
p. 115 · Read in the full issue
npHE following exchange quotations show the rates existing in Sydney in mid-July:—
Fiji
Through Bank of NSW and Bank of New Zealand;—Australia on Fiji on basis of £lOO Fiji: Buying, £Alll/2/6; selling. £AII3. Flji- London on basis of £lOO London:—
Western Samoa
Through Bank of New Zealand:—Australia on Western Samoa on basis of £lOO Samoa: buy ing. £ AI23/12/6; selling. £AI24/10/9.
Samoa-London on basis of £lOO London:— Buying Selling £ s. d. £ s. d.
Telegraphic transfer . 100 7 6 101 10 0 On demand 99 9 3 101 10 0 Samoa on New Zealand, on basis of £lOO NZ:—Buying, £100; selling, £lOO/10/-.
Samoa on Fiji, on basis of £lOO Samoa:— Buying, £111; selling, £llO.
Samoa on USA on basis of £1 Samoa (tele graphic transfer): Buying, 2.7991 dollars; sell ing, 2.7586 dollars.
Papua-New Guinea
Commonwealth Bank of Australia (branches: Pt. Moresby, Lae, Rabaul, Madang) and Bank of New South Wales (branches: Pt. Moresby, Lae, Rabaul) quote an exchange rate between Aus tralia and Papua-New Guinea of 10/- per £lOO.
French Pacific Colonies
Since 1945, the franc, instead of having the same value in all parts of the French Union,
has been given different values in different Colonial Groups—Group 1 (Metropolitan francs): France, North Africa, West Indies, French Guiana. Group 2 (African francs): All African Colonies, Madagascar, Reunion, St. Pierre, Miquelon. Group 3 (Pacific francs): New Caledonia, New Hebrides, Fr. Oceania. Exchange values, in francs, at present are (nominal only, subject to daily fluctuations):—
Buying Selling. £ 8. d. £ 8. d.
Telegraphic transfer . .. Ill 2 6 113 0 0 On demand .. .. 113 0 0
£ Stg.
USA Dol. £ Aust.
Group 1 (Metrop.) 981 349,20 777 Group 2 (African) 490 175 388 Group 3 (Pacific) . 178.37 60 141.75